AXISCADES

Governor Eric J. Holcomb joined executives of AXISCADES, a provider of product engineering solutions, in India as the company announced plans to locate its North American headquarters in Indiana, creating up to 500 new, high-wage jobs by the end of 2023.

"AXISCADES choosing to establish its North American headquarters in the Hoosier state sends a clear message that Indiana is open for business," Governor Holcomb said. "I am proud to be in India this week, building our business and educational relationships, and could not be more excited to welcome another India-based firm to Indiana. I look forward to AXISCADES joining the Hoosier family, and I am confident that our dedicated workforce will be a crucial asset to its future success."

The Bangalore, India-based company, which is a provider of product engineering solutions to aerospace, defense, heavy engineering, automotive, energy, medical and health care companies, plans to invest nearly $10 million over the next five years to establish operations in Indiana to grow its U.S. operations and help address engineering needs of U.S.-based original equipment manufacturers. The company, which still has a short list of possible sites in Indiana to locate its new facility, plans to make a final decision by the end of this year and launch operations in Indiana by April 2018.

AXISCADES currently employs more than 1,900 associates across North America, Europe and Asia, including approximately 250 engineers in North America that are stationed at both the company's offices in Peoria, Illinois, and Montreal, Canada, and on-site at its clients' facilities. The company, which is headquartered in Bangalore, plans to begin hiring for engineering jobs in Indiana next spring.

“AXISCADES is privileged and honored to host Governor Eric J. Holcomb at our Bangalore facility,” said Sudhakar Gande, vice chairman of AXISCADES. “This relationship and North America headquarters in Indiana strengthens our presence there. Under the leadership of Governor Holcomb, Indiana is leading in the areas of science, technology, engineering and manufacturing, which offers us right environment for our business growth. This is part of our strategic initiatives to continuously evolve and invest in expanding across North America and to provide high-end technology solutions."